397 Gibbs Ave
Newport, RI 02840
2 bd 2 ba 1,148 sqft Built 1900 Lot 1,150 sqft condo_townhome_rowhome_coop
Most recent sale
$625,000
Jul 6, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Oct 11, 2024 | Sold | $810,000 | StateWide |
| Apr 12, 2024 | Listed for rent | $3,000 | StateWide |
| Jul 6, 2022 | Sold | $625,000 | MLS #1308661 |
| Apr 28, 2022 | Listed | $639,000 | MLS #1308661 |
| May 12, 2020 | Listed for rent | $2,000 | StateWide |
| Jun 27, 2012 | Sold | $225,000 | Public Record |
| Jun 8, 2012 | Listing removed | $259,000 | StateWide |
| May 24, 2012 | Price changed | $259,000 | MLS #1013697 |
| Apr 4, 2012 | Listing removed | $299,000 | StateWide |
| Mar 30, 2012 | Listed | $299,000 | MLS #1013697 |
| Oct 4, 2011 | Listing removed | $299,000 | StateWide |
| Jul 19, 2011 | Price changed | $299,000 | MLS #977392 |
| Feb 8, 2011 | Price changed | $309,000 | MLS #977392 |
| Jan 5, 2011 | Price changed | $329,000 | MLS #977392 |
| Oct 4, 2010 | Listed | $349,000 | MLS #977392 |
| Feb 20, 1998 | Sold | $113,500 | Public Record |
| Mar 28, 1997 | Sold | $119,000 | Public Record |
| Apr 28, 1989 | Sold | $114,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $843,500 | — | $843,500 | $7,329 |
| 2023 | $496,900 | — | $496,900 | $4,929 |
| 2022 | $496,900 | — | $496,900 | $4,775 |
| 2021 | $496,900 | — | $496,900 | $4,636 |
| 2020 | $464,400 | — | $464,400 | $4,774 |
| 2019 | $464,400 | — | $464,400 | $4,774 |
| 2018 | $464,400 | — | $464,400 | $4,639 |
| 2017 | $334,100 | — | $334,100 | $3,745 |
| 2016 | $334,100 | — | $334,100 | $3,652 |
| 2015 | $334,100 | — | $334,100 | $3,565 |
| 2014 | $388,900 | — | $388,900 | $4,690 |
| 2013 | $402,700 | — | $402,700 | $4,716 |
| 2006 | $521,500 | — | $521,500 | $4,182 |
Property facts
Year built
1900
Property type
condo_townhome_rowhome_coop
Stories
2
Beds
2
Baths
2
Living area
1,148 sqft
Lot size
1,150 sqft
ZIP code
02840
City
Newport
Street
Gibbs Ave
Coordinates
41.48727, -71.30056
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,750
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 397 Gibbs Ave last sell?
397 Gibbs Ave most recently sold on Jul 6, 2022 for $625,000.
What is the current tax assessment for 397 Gibbs Ave?
The most recent total assessment for 397 Gibbs Ave (year 2025) is $843,500 with $7,329 in property tax.
How does 397 Gibbs Ave's assessment compare to its last sale price?
The current assessment is 35.0% above the last sale price of $625,000.
When was 397 Gibbs Ave built?
397 Gibbs Ave was built in 1900.
How does 397 Gibbs Ave compare to others on Gibbs Ave?
We track 8 other properties on Gibbs Ave. Browse the list under "Other properties on Gibbs Ave" to compare beds, baths, and sale history.
What are the property facts for 397 Gibbs Ave?
397 Gibbs Ave is a 2 bed, 2 bath, 1,148 sqft, 1,150 sqft lot condo_townhome_rowhome_coop.
Is 397 Gibbs Ave a flip candidate?
No — 397 Gibbs Ave does not appear in our flips dataset.
Is 397 Gibbs Ave a tax-appeal candidate?
No — 397 Gibbs Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-3.6%
Implied 1-yr
-14.4%
2026 Q3
$1.12M
2026 Q4
$1.07M
ZIP 02840 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Gibbs Ave